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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    9 Main St, Albion, IL 62806-1006

    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-5003779
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 9 West Main Street in Albion, Illinois, presents a fantastic opportunity for business owners. Boasting 2,320 square feet of space on a 2,588 square foot lot, this building offers versatile options for both office and retail uses. The property is conveniently situated along Illinois Route 15, ensuring high visibility and accessibility. The front section of the building underwent a complete renovation in 2016, resulting in a modern and updated interior. This renovation included a new roof, HVAC system, electrical wiring, and plumbing, providing peace of mind and minimizing future maintenance costs. The property's adaptable layout makes it suitable for a variety of businesses, from startups seeking a prime location to established companies looking to expand their operations. The asking price is $49,500, making this an attractive investment in a thriving downtown area. The property's zoning allows for creative office, storefront, and traditional office uses, offering flexibility to suit diverse business needs. This is a rare opportunity to acquire a well-maintained, centrally located commercial building in Albion, Illinois. The property's zip code is 62806.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 10-02-429-011
    UPID US28-5003779
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Joseph L Doersam · 1 yrs held
    Joseph L Doersam
    since 2025
    Last sale
    $43,500
    5 recorded transactions
    2025
    $43,500
    2021
    $47,500
    2017
    2012
    2012
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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